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Based on 2017 sales, the six top-selling compact cars are the Honda Civic, Toyota Corolla, Nissan Sentra, Hyundai Elantra, Chevrolet Cruze, and Ford Focus (New York Daily News). The 2017 market shares are Honda Civic 20%, Toyota Corolla 17%, Nissan Sentra 12%, Hyundai Elantra 10%, Chevrolet Cruze 10%, and Ford Focus 8%, with other small car models comprising the remaining 23%. A sample of 400 compact car sales in Chicago showed the following number of vehicles sold. Excel File: data12-27.xlsx Honda Civic 98 Toyota Corolla 72 Nissan Sentra 54 Hyundai Elantra 44 Chevrolet Cruze 42 Ford Focus 25 Others 65 Use a goodness of fit test to determine whether the sample data indicate that the market shares for cars in Chicago are different than the market shares suggested by nationwide 2017 sales. Using a 0.05 level of significance, what is the p-value? Use Table 3 of Appendix B. The p-value is - Select your answer - What is your conclusion? Conclude that the markets shares for the seven compact cars in Chicago - Select your answer - v | the market shares reported. What market share differences, if any, exist in Chicago? Round your answers to three decimal places. Enter negative values as negative numbers. Sample Hypothesized Compact Car Market Share Market Share Difference Honda Civic 0.20 Toyota Corolla 0.17 Nissan Sentra 0.12 Hyundai Elantra 0.10 Chevrolet Cruze 0.10 Ford Focus 0.08 Others 0.23

Based on 2017 sales, the six top-selling compact cars are the Honda Civic, Toyota Corolla, Nissan Sentra, Hyundai Elantra, Chevrolet Cruze, and Ford Focus (New York Daily News). The 2017 market shares are Honda Civic 20%, Toyota Corolla 17%, Nissan Sentra 12%, Hyundai Elantra 10%, Chevrolet Cruze 10%, and Ford Focus 8%, with other small car models comprising the remaining 23%. A sample of 400 compact car sales in Chicago showed the following number of vehicles sold. Excel File: data12-27.xlsx Honda Civic 98 Toyota Corolla 72 Nissan Sentra 54 Hyundai Elantra 44 Chevrolet Cruze 42 Ford Focus 25 Others 65 Use a goodness of fit test to determine whether the sample data indicate that the market shares for cars in Chicago are different than the market shares suggested by nationwide 2017 sales. Using a 0.05 level of significance, what is the p-value? Use Table 3 of Appendix B. The p-value is - Select your answer - What is your conclusion? Conclude that the markets shares for the seven compact cars in Chicago - Select your answer - v | the market shares reported. What market share differences, if any, exist in Chicago? Round your answers to three decimal places. Enter negative values as negative numbers. Sample Hypothesized Compact Car Market Share Market Share Difference Honda Civic 0.20 Toyota Corolla 0.17 Nissan Sentra 0.12 Hyundai Elantra 0.10 Chevrolet Cruze 0.10 Ford Focus 0.08 Others 0.23

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Based on 2017 sales, the six top-selling compact cars are the Honda Civic, Toyota Corolla, Nissan Sentra, Hyundai Elantra, Chevrolet Cruze, and Ford Focus (New York Daily News). The 2017 market shares are Honda Civic 20%, Toyota Corolla 17%, Nissan Sentra 12%, Hyundai Elantra 10%, Chevrolet Cruze 10%, and Ford Focus 8%, with other small car models comprising the remaining 23%. A sample of 400 compact car sales in Chicago showed the following number of vehicles sold. Excel File: data12-27.xlsx Honda Civic 98 Toyota Corolla 72 Nissan Sentra 54 Hyundai Elantra 44 Chevrolet Cruze 42 Ford Focus 25 Others 65 Use a goodness of fit test to determine whether the sample data indicate that the market shares for cars in Chicago are different than the market shares suggested by nationwide 2017 sales. Using a 0.05 level of significance, what is the p-value? Use Table 3 of Appendix B. The p-value is - Select your answer - What is your conclusion? Conclude that the markets shares for the seven compact cars in Chicago - Select your answer - v | the market shares reported. What market share differences, if any, exist in Chicago? Round your answers to three decimal places. Enter negative values as negative numbers. Sample Hypothesized Compact Car Market Share Market Share Difference Honda Civic 0.20 Toyota Corolla 0.17 Nissan Sentra 0.12 = Hyundai Elantra 0.10 Chevrolet Cruze 0.10 Ford Focus 0.08 Others 0.23
Transcribed Image Text:Based on 2017 sales, the six top-selling compact cars are the Honda Civic, Toyota Corolla, Nissan Sentra, Hyundai Elantra, Chevrolet Cruze, and Ford Focus (New York Daily News). The 2017 market shares are Honda Civic 20%, Toyota Corolla 17%, Nissan Sentra 12%, Hyundai Elantra 10%, Chevrolet Cruze 10%, and Ford Focus 8%, with other small car models comprising the remaining 23%. A sample of 400 compact car sales in Chicago showed the following number of vehicles sold. Excel File: data12-27.xlsx Honda Civic 98 Toyota Corolla 72 Nissan Sentra 54 Hyundai Elantra 44 Chevrolet Cruze 42 Ford Focus 25 Others 65 Use a goodness of fit test to determine whether the sample data indicate that the market shares for cars in Chicago are different than the market shares suggested by nationwide 2017 sales. Using a 0.05 level of significance, what is the p-value? Use Table 3 of Appendix B. The p-value is - Select your answer - What is your conclusion? Conclude that the markets shares for the seven compact cars in Chicago - Select your answer - v | the market shares reported. What market share differences, if any, exist in Chicago? Round your answers to three decimal places. Enter negative values as negative numbers. Sample Hypothesized Compact Car Market Share Market Share Difference Honda Civic 0.20 Toyota Corolla 0.17 Nissan Sentra 0.12 = Hyundai Elantra 0.10 Chevrolet Cruze 0.10 Ford Focus 0.08 Others 0.23
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